- Trading Screen Product Name
- Propane Argus Futures
- Trading Screen Hub Name
- ANI
- Contract Symbol
PRS
- Settlement Method
Cash settlement
- Contract Size
1,000 Metric Tonnes
- Unit of Trading
Any multiple of 1,000 Metric Tonnes
- Currency
US Dollars and cents
- Trading Price Quotation
One tenth of one cent ($0.001) per metric tonne
- Settlement Price Quotation
One tenth of one cent ($0.001) per metric tonne
- Minimum Price Fluctuation
One tenth of one cent ($0.001) per metric tonne
- Contract Series
Up to 72 consecutive calendar months, or as otherwise determined by
the Exchange
- Last Trading Day
Last trading day of the contract month
- Final Settlement Price Quotation
The average of NGL-PROPANE (ARGUS NINGBO INDEX)-ARGUS INTERNATIONAL
prices
- a) Ref Price A - Description
“NGL-PROPANE (ARGUS NINGBO INDEX)-ARGUS INTERNATIONAL LPG
“ means that the price for a Pricing Date will be that
day’s Specified Price per tonne of propane, stated in US
Dollars, published under the heading “Middle East and
Asia-Pacific averages” for Argus Ningbo Index: Propane”
in the issue of Argus International LPG that reports prices
effective on that Pricing Date.
- b) Ref Price A - Pricing Date
Each day that prices are reported for the Delivery Date
- c) Ref Price A - Specified Price
Price
- d) Ref Price A - Pricing calendar
Argus International LPG
- e) Ref Price A - Delivery Date
Contract month
- MIC Code
- IFED
- Clearing Venues
- ICEU